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How to buy Reece (REH) shares in Australia

Learn how to easily invest in Reece shares.

+ A$0.16 ( + 0.81%)

Reece is an industrial distribution business based in Australia. Reece shares (REH) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Reece has a trailing 12-month revenue of around $8.8 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Reece

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Reece . Find the share by name or ticker symbol: REH. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Reece reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check on your investment. Congratulations, you own a part of Reece . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Reece stock price (ASX:REH)

Use our graph to track the performance of REH stocks over time.

Reece shares at a glance

Information last updated 2023-12-04.
52-week range$13.4854 - $20.5377
50-day moving average $18.5146
200-day moving average $18.372
Target price$15.24
PE ratio 32.27
Dividend yield $0.25 (1.29%)
Earnings per share (TTM) $0.61

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Is it a good time to buy Reece stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Reece price performance over time

Historical closes compared with the last close of A$20.01

1 week (2023-11-30) 3.46%
1 month (2023-11-10) 5.82%
3 months (2023-09-08) 4.00%
6 months (2023-06-09) 7.23%
1 year (2022-12-09) 37.05%
2 years (2021-12-10) -18.43%
3 years (2020-12-10) 33.67%
5 years (2018-12-10) 107.64%

Is Reece under- or over-valued?

Valuing Reece stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Reece 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Reece 's P/E ratio

Reece 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 32x. In other words, Reece shares trade at around 32x recent earnings.

That's comparable to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14).

Reece 's EBITDA

Reece 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $826.1 million (£0.0 million).

The EBITDA is a measure of a Reece 's overall financial performance and is widely used to measure stock profitability.

Reece financials

Revenue TTM $8.8 billion
Operating margin TTM 8%
Gross profit TTM $2.5 billion
Return on assets TTM 6.27%
Return on equity TTM 11.16%
Profit margin 4.39%
Book value 5.612
Market capitalisation $12.5 billion

TTM: trailing 12 months

Reece share dividends


Dividend payout ratio: 86.21% of net profits

Recently Reece has paid out, on average, around 86.21% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.29% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Reece shareholders could enjoy a 1.29% return on their shares, in the form of dividend payments. In Reece 's case, that would currently equate to about A$0.25 per share.

Reece 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 10 October 2023 (the "ex-dividend date").

Have Reece 's shares ever split?

Reece 's shares were split on a 5:1 basis on 18 December 2017. So if you had owned 1 share the day before the split, the next day you would own 5 shares. This wouldn't directly have changed the overall worth of your Reece shares – just the quantity. However, indirectly, the new 80% lower share price could have impacted the market appetite for Reece shares which in turn could have impacted Reece 's share price.

Reece share price volatility

Over the last 12 months, Reece 's shares have ranged in value from as little as $13.4854 up to $20.5377. A popular way to gauge a stock's volatility is its "beta".

REH.AU volatility(beta: 0.74)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Reece 's is 0.74. This would suggest that Reece 's shares are less volatile than average (for this exchange).

Reece overview

Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1919 and is based in Cremorne, Australia.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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